SANCTIONS

Sanctions

Russia Buys its Own Diamonds to Support State-owned Alrosa

By Editors | 28/03/2024

The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.

Sanctions

US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report

By Editors | 28/03/2024

There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.

Sanctions

US Warns Pakistan Against Proceeding With Iran Pipeline Project

By Editors | 27/03/2024

Iran has already invested $2bn in the project. Pakistan is seeking a US sanctions waiver to go ahead with construction on its leg of the pipeline.

Sanctions

Russia Launches Scheme to Unblock Foreign Securities

By Editors | 27/03/2024

Russian broker is accepting offers from Russians looking to free up overseas-held shares affected by sanctions.

Sanctions

Russia Has Started Directly Supplying Oil to DPRK – Reports

By Editors | 27/03/2024

The shipments are reportedly using UN-designated vessels, as part of an arrangement that involves North Korea supplying arms to Russia.

Sanctions

Belgian Authorities Arrest Six Over Russian Diamond Imports

By Editors | 27/03/2024

The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.

Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

By Editors | 26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

Crypto / Digital Assets

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

By Editors | 26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.